Koutons Retail India Ltd has posted a net profit of Rs.55.065 million for the quarter ended June 30, 2010, as against the Rs.109.959 million for the corresponding quarter a year ago. Total income has decreased from Rs.2,017.834 million for the quarter ended June 30, 2009 to Rs.1,615.981 million for the quarter ended June 30, 2010.
The company, meanwhile, informed the Bombay Stock Exchange (BSE) that the Board of Directors of the company, at its meeting held on August 13, 2010, has approved the resignation of Ramit Rastogi as company secretary w.e.f July 15, 2010 and appointed Poonam Chahal in his place w.e.f. July 28, 2010.
The Board also approved the resignations of Anil Kevin Khatod and Rajiv Grover as directors of the company.
The company has also appointed Poonam Chahal as the new compliance officer of the company in place of Ajay Mahajan.
– IndiaRetailing Bureau